In September 2020, there were five homes sold, with a median sale price of $305,000 - a 13.8% decrease over the $354,000 median sale price for the same period of the previous year. There were 10 homes sold in Cherry Valley in September 2019.
The median sales tax in Cherry Valley for the most recent year with available data, 2019, was $2,859, approximately 0.9% of the median home sale price for September 2020.
The following table compares Cherry Valley to other Riverside County cities with similar median sale prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Idyllwild-Pine Cove | 33 | 19 | 73.7% | $364,500 | $285,000 | 27.9% |
| Nuevo | 2 | 6 | -66.7% | $361,000 | $418,000 | -13.6% |
| San Jacinto | 59 | 75 | -21.3% | $343,000 | $300,500 | 14.1% |
| Hemet | 185 | 147 | 25.9% | $318,000 | $285,000 | 11.6% |
| White Water | 3 | 2 | 50% | $309,500 | $255,000 | 21.4% |
| Cherry Valley | 5 | 10 | -50% | $305,000 | $354,000 | -13.8% |
| Coachella | 15 | 16 | -6.3% | $295,000 | $266,000 | 10.9% |
| Sun City | 1 | 0 | - | $295,000 | $0 | - |
| Lakeland Village | 8 | 12 | -33.3% | $286,000 | $247,500 | 15.6% |
| Banning | 32 | 28 | 14.3% | $280,750 | $234,500 | 19.7% |
| Desert Hot Springs | 64 | 56 | 14.3% | $275,000 | $213,500 | 28.8% |
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